Thermal Spray Coatings Market Global Trend & Forecast Thermal Spray Coatings Market Global Trend & Forec

Thermal Spray Coatings Market worth 11.44 Billion USD by 2021
The report "Thermal Spray Coatings Market by Material (Ceramic, Metals & Alloys ), Process (Combustion Flame,
Electrical Energy), End-Use Industry (Aerospace, Automotive, Healthcare, Energy & Power, Electronics), and
Region - Global Forecast to 2021", Published by MarketsandMarkets, The market is projected to reach USD 11.44
Billion by 2021, at a CAGR of 6.5% from 2016 to 2021.
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Browse 72 market data tables and 47 figures spread through 153 pages and in-depth TOC on "Thermal Spray
Coatings Market - Global Forecast to 2021"
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The growing use of thermal spray coatings to protect surfaces of various products and engineered components is
fueling the growth of thermal spray coatings market. Moreover, the increasing demand for thermal spray coatings
from various end-use industries, such as healthcare, aerospace, and energy & power, among others is also leading
towards the growth of the thermal spray coatings market.
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The aerospace end-use industry segment is projected to lead the thermal spray coatings market from 2016 to
2021.
The aerospace end-use industry segment accounted for the largest share of the thermal spray coatings in 2016. It
was followed by the automotive, healthcare, and energy & power end-use industry segments. The demand for
thermal spray coatings from the aerospace industry is continuously increasing to ensure the long durability of
critical components of aircraft. Moreover, the increase in the number of aircraft due to rise in air passenger traffic
across the globe is expected to contribute towards the growth of the aerospace end-use industry segment of the
thermal spray coatings market during the forecast period.
The healthcare end-use industry segment of the thermal spray coatings market is projected to grow at the
highest CAGR from 2016 to 2021.
Thermal spray coatings are increasingly used in the healthcare industry for coating orthopedic implants. One of the
critical applications of thermal spray coatings is in biomedical implants. Thermal spray coatings ensure proper
hydroxyapatite (HA) coating of implants. These coatings are also used in several critical biomedical applications.
The healthcare end-use industry segment of thermal spray coatings market is projected to grow at the highest
CAGR during the forecast period. This growth is attributed mainly to the significant use of thermal spray coatings
for orthopedic implants, medical instruments, and apparatuses, among others.
The Asia-Pacific thermal spray coatings market is projected to grow at the highest CAGR during the forecast
period.
The Asia-Pacific thermal spray coatings market is projected to grow at the highest CAGR between 2016 and 2021.
The growth of the Asia-Pacific thermal spray coatings market can be attributed to increasing demand for thermal